Poland's equity market finished the session lower on Thursday, with the WIG30 index slipping 0.77% at the close in Warsaw. Sector pressure from Basic Materials, Developers and Banking stocks contributed to the negative finish.
Top performers - Among the WIG30 constituents, PGE Polska Grupa Energetyczna SA (WA:PGE) led gains, rising 7.67% or 0.79 points to close at 11.09. Tauron Polska Energia SA (WA:TPE) advanced 3.99% or 0.45 points to end at 11.72, and Enea SA (WA:ENAE) climbed 3.86% or 0.90 points to finish at 24.24.
Market notices flagged that shares in Tauron Polska Energia SA (WA:TPE) and Enea SA (WA:ENAE) moved to all-time highs during the session - Tauron up 3.99% to 11.72 and Enea up 3.86% to 24.24.
Lagging names - On the downside, KGHM Polska Miedz SA (WA:KGH) posted the largest drop among WIG30 names, falling 5.91% or 20.20 points to trade at 321.80 at the close. Powszechny Zaklad Ubezpieczen SA (WA:PZU) declined 3.38% or 2.36 points to 67.54, and Bank Polska Kasa Opieki SA (WA:PEO) was down 2.27% or 5.30 points to 228.10.
Market breadth - Decliners outnumbered advancers on the Warsaw Stock Exchange, with 280 falling issues against 258 advancing and 103 ending unchanged, indicating a session where selling pressure was modestly broader than buying interest.
Commodities and FX - In commodity markets, crude oil for April delivery rose 1.45% or 0.95 to $66.37 a barrel, while Brent for May delivery increased 1.81% or 1.28 to $71.97 a barrel. The April Gold Futures contract fell 0.51% or 26.86 to trade at $5,199.34 a troy ounce. On the currency front, EUR/PLN moved up 0.32% to 4.23, and USD/PLN rose 0.45% to 3.58. The US Dollar Index Futures was up 0.12% at 97.74.
Implications - The session combined sectoral weakness in Basic Materials, Developers and Banking with selective strength among large utilities. The divergence between energy-sector winners and resource- and financial-sector laggards shaped the WIG30's decline.
Closing note - Overall, Thursday's trading in Warsaw ended with the benchmark down but with differentiated performance across sectors: utilities and select energy names posted gains while miners, insurers and banks weighed on the index.